SEC Form 4/A · accession 0001638599-18-000358
Rimini Street, Inc. · RMNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Seth A. Ravin
Officer — CEO and Chairman of the Board · Director · 10% Owner
Period of report
Feb 6, 2018
Accepted (ET)
Mar 23, 2018 · 8:31 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001635282
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 13,293,585 | I | Through the SAR Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F1 | $9.46 | Feb 6, 2018 | A | 34,881 | A | — | Feb 6, 2023 | Common Stock | 34,881 | 34,881 | D |
| Stock Option (Right to Buy)F1 | $8.60 | Feb 6, 2018 | A | 65,119 | A | — | Feb 6, 2028 | Common Stock | 65,119 | 65,119 | D |
Explanation of responses
- F1The shares subject to the option will vest in three (3) equal annual installments on February 6, 2019, February 6, 2020 and February 6, 2021, subject to the Reporting Person's continued service to the Issuer through each such date.
Remarks
The Form 4 previously reported an award of employee stock options exercisable for 100,000 shares of common stock with an exercise price of $8.60 per share and a ten year expiration date. There were actually two different grants, one grant of employee stock options exercisable for 34,881 shares of common stock with an exercise price of $9.46 per share and a five year expiration date, and the other a grant of non-qualified stock options exercisable for 65,119 shares of common stock with an exercise price of $8.60 per share and a ten year expiration date.